PPP Loan Data — R & A Service, Birmingham, AL
R & A Service is a corporation located at 8000 Liberty Parkway, Ste 102 in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,335.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
R & A Service in Birmingham, AL received a Paycheck Protection Loan of $46,335 through Bryant Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, R & A Service's 2019 payroll expenses are estimated to be at least $222,408.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,801 per employee1
Reported PPP Proceed Usage:
On the PPP application, R & A Service reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,335
Business Information - R & A Service in Birmingham, AL
8000 Liberty Parkway, Ste 102
Birmingham, AL 35242
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Birmingham
In the Birmingham area, 126 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 8) and received an average PPP loan of $153,007 (compared to this company's $46,335).
Similar Nearby Businesses Who Received PPP Funding:
HD Entertainment Inc
Cafe Freska, LLC
Vestavia Hills, AL
Life Is Sweet LLC
Hole Lot Of Cakes, Inc
Martins BBQ Bhm, LLC
Bruner Holdings Inc
Papa T Companies Inc
Cafe Freska LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 175% higher than R & A Service's reported 8 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,335.
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Footnotes & Information
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